Rajasthan’s Jalore Nagrik Sahakari Bank has reported a standout financial performance for the fiscal year 2024–25, marking a year defined by significant growth, improved operational capacity, and increasing public trust.
The bank crossed a key milestone by recording a total business mix of over Rs 750 crore, underscoring its emergence as a robust financial institution in the cooperative banking sector.
A deeper look into the numbers reveals a remarkable upswing across core parameters. The bank’s deposit base surged by Rs 76 crore, increasing from Rs 374.55 crore in the previous fiscal year to Rs 450.62 crore, registering a growth rate of 20.31%. This was complemented by strong performance in the advances portfolio, which expanded by Rs 50.95 crore to Rs 302.07 crore, mirroring a 20.29% year-on-year increase. These figures highlight growing public confidence in the bank’s services and a stronger financial outreach across the region.
In terms of infrastructure and outreach, the bank made notable strides. During FY 2024–25, it added two new branches, taking the total branch network to 18. The employee base also grew substantially, rising from 111 to 129, ensuring better service delivery and wider coverage. Membership numbers grew significantly as well, reaching 19,193, reflecting the bank’s growing acceptance and credibility within the community.
The bank also demonstrated impressive growth in its investment and liquidity profile. Total investments rose from Rs 165.81 crore to Rs 192.62 crore, while working capital increased to Rs 555.65 crore, marking an 18.98% rise from the previous year. These indicators reflect enhanced financial efficiency and improved liquidity management.
On the capital front, the bank’s own funds grew to Rs 66.15 crore, while net worth increased to Rs 62.49 crore, representing a 13.57% growth. The share capital rose to Rs 16.25 crore, and total reserves reached Rs 46.93 crore, further strengthening the bank’s financial backbone and stability.
Even after accounting for provisions and taxes, the bank posted a net profit of Rs 6.76 crore, a modest increase from Rs 6.56 crore in the previous fiscal year. Though gross NPAs rose slightly to Rs 5.07 crore, the bank managed to keep net NPAs at zero, indicating prudent risk control and robust asset quality.
The bank’s steady rise is guided by its Chairman, Mohan Parashar, who also serves as Chairman of the Rajasthan State Urban Cooperative Banks Federation and is a board member of NAFCUB, the national apex body for Urban Cooperative Banks.
